Fixed Assets change from a Fiscal year that is not calendar back to a calendar Year.

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Posted on by Robyn

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I have a client that changed from a GP physical year that was not a calendar back to a calendar year last year. They apparently did not catch that their fixed assets calendar was still on the fiscal year. They now want the fiscal year for FA that ended on 6/19 to be a part of a full calendar year - so the 6 months of the fiscal year that just entered needs to be a part of the calendar year going forward. How to we fix? They have not depreciated July yet.

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